FOA News & Events

HomeSafe Second, the only second-lien reverse mortgage currently in the market, expanded into Louisiana, Rhode Island, Missouri and Washington, D.C. to meet increased demand. With this expansion, HomeSafe Second will be available in 18 states and in the District of Columbia, reflecting broader adoption of second-lien reverse mortgages as a way for homeowners to access housing wealth without refinancing. While many companies continue to experiment with AI, Finance of America has embedded the technology into its core platform and tied it directly to customer engagement. Finance of America's proprietary technology platform integrates data, workflows, and systems across the business, replacing what were once fragmented manual processes. Built on top of the company's AI platform, Joy, the technology platform guides borrowers through the home equity journey creating a faster, more seamless customer experience.

Finance of America Reverse (FOA) announced the appointments of three senior leaders to its leadership team across brand, communications and product: Colm Murphy joins as Chief Brand Officer, Jordan Baucum as Senior Vice President of Communications, and Mike Urban as Chief Product Officer. Murphy joins FOA from Publicis Groupe, where he served as Global Chief Strategy Officer for Citi (C). Urban most recently served in leadership roles at Best Egg and Barclaycard.

Graham A. Fleming, Chief Executive Officer commented, "The first quarter of 2026 was an outstanding quarter, with operational momentum in originations driving an acceleration in volumes and steady improvement in our financial results, liquidity, and capital position. Our focus is on translating that momentum into consistent, repeatable growth through the rest of 2026 and in the years ahead."

Finance of America Reverse announced the launch of HomeSafe Second Line of Credit, a new solution designed to give homeowners greater flexibility in how - and when - they access their home equity, without adding a new monthly expense or giving up a possibly low mortgage rate. Available in California beginning April 1, HomeSafe Second Line of Credit is the industry's first second-lien reverse mortgage line of credit, allowing homeowners 55+ to draw funds over time, as needs arise, after an initial 25% draw at time of origination - while preserving their existing first mortgage and without taking on the new required monthly payments of a traditional HELOC.